Loan Services

The tabs below describe some of the services we offer as enhancements to our Loan Products.


CFCU offers Mechanical Breakdown Protection (MBP), Guaranteed Asset Protection (GAP) and Debt Protection (DP).  To apply, follow this link:  Apply For Free Quote

Why do you need Mechanical Breakdown Protection (MBP)?

You paid a lot of money for your vehicle. An extended warranty makes sure you get the most out of your investment by providing coverage above and beyond the typical manufacturer’s warranty. Protect yourself from unexpected repair costs, which can amount to thousands of dollars over the life of your warranty.

Our extended warranty also helps you enjoy worry-free driving with nationwide coverage, 24-hour roadside assistance, and rental assistance. And, you can transfer coverage-a nice incentive should you sell your car before the warranty expires.

Why do you need Guaranteed Asset Protection (GAP)?

If your vehicle is stolen or totaled in an accident, most insurance companies will pay only its cash value. If you’re still making payments on your vehicle and the current balance of your loan exceeds your vehicle’s cash value, you’re liable for the difference, which could amount to thousands of dollars. GAP coverage protects you by paying the difference, and in some states, covering a portion of your deductible as well-relieving you of the financial loss and providing a down payment toward your replacement vehicle.

Why do you need Debt Protection (DP)?

When the unexpected happens, the last thing you need to worry about is how to afford your vehicle. With Debt Protection, you can cancel or suspend your loan without penalty or added interest in the event of a major life event. Covered events may include hospitalization, death, disability, involuntary unemployment, or family medical leave.

Vehicle Service Contracts

Cheney Federal Credit Union is offering Extended Service Contracts for new and pre-owned vehicles. We offer this service through Members Direct, a partnership with Heritage Warranty. Click the link below to find out more.

Auto Values Online

If you are thinking about buying, selling or trading a vehicle check out the NADA Guide online. Get an idea of the vehicle value then get pre-approved for your loan before you shop. This will help take the stress out of your auto buying experience.

Another tool in determining the value of a vehicle could be checking the “vehicle history”. can help. (Carfax does charge a fee for this service. Please review the information on the web site prior to ordering a report.)

Cheney Federal Credit Union does not control the content or security features of these links.

Loan Calculator

Loan Calculators
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